Steve Searle wrote:
Around 10:36pm on Tuesday, May 04, 2004 (UK time), Charles R. Dennett scrawled:
Thank for the suggestion for gnucash. I had looked at that once and got
confused with it. Maybe it's time to revisit it and see if I can
transfer data over from Money to gnucash.
If changing from Quicken to gnucash, the main thing to appreciate, but then NOT worry about, is each financial category is a different account. So if you write a cheque for food, you will create a transaction in you current (I think Americans call it a checking) account and a corresponding transaction will be created in your grocery expence account. I just ignored these to begin with, and eventually it all made sense (IANAA - I am not an accountant :-)
Steve
Yep, it does double entry accounting.
